Noble Financial analyst Joe Gomes reiterated a Buy rating on Information Services Group (III) yesterday and set a price target of $5.25. The company’s shares closed yesterday at $4.08, close to its 52-week low of $3.83.
According to TipRanks.com, Gomes is ranked #3867 out of 4883 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Information Services Group with a $6 average price target, implying a 47.1% upside from current levels. In a report issued on October 31, Barrington also maintained a Buy rating on the stock with a $6 price target.
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Based on Information Services Group’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $4 million. In comparison, last year the company had a net profit of $1.43 million.
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Information Services Group, Inc. engages in the provision of sourcing advisory services.It operaets through the following geographical segments: Americas, Europe, and Asia Pacific. The company was founded by Michael P. Connors on July 20, 2006 and is headquartered in Stamford, CT.
